Metastorm Extends Reach in Nordic Region with New Distribution Partner

Component Software to Provide Metastorm BPM Software & Services to Organizations in Sweden

BALTIMORE, MD – October 24, 2006 – Metastorm, a leading provider of Business Process Management (BPM) software for modeling, automating, integrating, and improving both human and system-based processes, today announced it has formed a new distribution partnership with Component Software, a leading provider of business intelligence software and professional services in the Nordic region. Component Software will represent Metastorm in Sweden to sell, install, and provide in-region support for Metastorm BPM.

“Business Process Management is fast becoming a key corporate asset to organizations throughout the Nordic region and we are pleased to align with Metastorm and offer its award-winning BPM solution to our clients,” stated Bengt Rogsäter, managing director, Component Software. “The Metastorm BPM suite will help our customers more easily implement BPM projects within their organization to help meet process improvement initiatives while streamlining operations and improving business agility.”

Component Software will integrate Metastorm BPM into its portfolio of IT solutions and leverage its success and knowledge of the Nordic region to help organizations automate and control its business processes to drive success using Metastorm BPM as a strategic BPM platform. Component Software has an existing portfolio of best-in-class products from an impressive list of IT organizations including webMethods, Business Objects and Informatica. This partnership will help to increase the customer base of both companies while enhancing the footprint of BPM to drive market share across the region.

“Component Software uses best-of-breed technologies to build solutions for its customers and we are pleased to partner with such a solutions focused company and be selected as one of the top BPM choices for its customers going forward,” stated Neil Berry, sales director for the Nordic region at Metastorm. “We have seen a rapid increase in Scandinavian companies who are looking at adopting BPM within their enterprises. This new partnership will allow Metastorm to extend our reach and growing customer base in Scandinavia across a variety of vertical industries to ultimately showcase how Metastorm BPM can help organizations lower costs, improve productivity, and gain a competitive advantage.”

About Component Software
Component Software is a leading vendor in the Nordic region, focusing on Business Intelligence, Data Integration, Corporate Performance Management and Business Process Management. Today we have a track record of more than eight years, delivering mission critical solutions to customers across various segments. We define our role as the "Information Competency Partner" combining the skills of our consultants with best-of-breed software to create unique solutions.

Our revenue for 2005 was 320 million SEK with a steady growth on all market segments. Today we have 160 employees in Oslo, Stockholm and Copenhagen, including more than 100 professionally trained consultants.

Among our clients are many of Nordic Top 1000 enterprises – for example ABB, AstraZeneca, Axfood, Bilprovningen, Cerdo Bankpartner, Coop, Electrolux, Ericsson, Findus, FöreningsSparbanken, Fritidsresor, Handelsbanken, Lindex, NCC, Posten, SCA, SEB, Skatteverket, Skanska, SKF, Telenor, TeliaSonera, Tele2, Vattenfall and Volvo.

About Metastorm
As the first breakaway BPM vendor, Metastorm is a leader in business process management (BPM) software and best practice methodologies for modeling, automating, integrating, and improving both human and system-based processes. Metastorm BPM™ is a complete solution for roundtrip process improvement, designed specifically to address complex processes that are unique to organizations. Metastorm’s 1200+ global client base in manufacturing, retail, financial services, business services, healthcare and government are achieving rapid ROI and Enterprise Process Advantage® in customer service, supply chain operations, risk management, and internal operations. For more information visit www.metastorm.com.

Copyright 2006, Metastorm, Inc. All rights reserved. Metastorm BPM and Enterprise Process Advantage are either trademarks or registered trademarks of Metastorm, Inc. Other product, service and company names mentioned herein are for identification purposes only and may be trademarks of their respective owners.

THIS NEWS RELEASE CONTAINS ARCHIVAL INFORMATION, WHICH SHOULD NOT BE CONSIDERED CURRENT AND MAY NO LONGER BE ACCURATE.

Press Contact Information:
Gina Karr
Metastorm
T: +1 443-874-1260
gkarr@metastorm.com

Amy Redhead
Strategic Alliance
T: +44 1494 434 434
amyr@strategicpr.net